Somalia: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Somalia

The revenue of the bovine hide and skin market in Somalia amounted to $X in 2018, remaining constant against the previous year. In general, bovine hide and skin consumption continues to indicate a relatively flat trend pattern. Over the period under review, the bovine hide and skin market attained its peak figure level at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Production of Raw Hides And Skins Of Cattle in Somalia

In value terms, bovine hide and skin production amounted to $X in 2018 estimated in export prices. Overall, bovine hide and skin production continues to indicate a drastic decline. The growth pace was the most rapid in 2013 when production volume increased by X% y-o-y. In that year, bovine hide and skin production reached its peak level of $X. From 2014 to 2018, bovine hide and skin production growth remained at a lower figure.

Exports of Raw Hides And Skins Of Cattle

Exports from Somalia

Bovine hide and skin exports from Somalia totaled X units in 2018, going down by -X% against the previous year. Overall, bovine hide and skin exports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Somalia exports peaked at X units in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, bovine hide and skin exports stood at $X in 2018. Over the period under review, bovine hide and skin exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Somalia exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. was the major exporter of raw hides and skins of cattle in the world, with the volume of exports finishing at X units, which was approx. X% of total exports in 2018. It was distantly followed by Australia (X units), Germany (X units) and France (X units), together achieving a X% share of total exports. The following exporters - the Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin exports from the U.S. stood at -X%. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of France (-X p.p.), Canada (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Somalia, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

In the U.S., bovine hide and skin exports declined by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

In 2018, the bovine hide and skin export price in Somalia amounted to $X per unit, picking up by X% against the previous year. In general, the bovine hide and skin export price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2010 when the export price increased by X% y-o-y. Somalia export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports into Somalia

In 2018, the amount of raw hides and skins of cattle imported into Somalia amounted to X units, dropping by -X% against the previous year. In general, bovine hide and skin imports continue to indicate a dramatic deduction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. In that year, bovine hide and skin imports reached their peak of X units. From 2011 to 2018, the growth of bovine hide and skin imports remained at a somewhat lower figure.

In value terms, bovine hide and skin imports stood at $X in 2018. Overall, bovine hide and skin imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2014 with a decrease of -X% y-o-y. Somalia imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

China was the major importer of raw hides and skins of cattle in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2018. Italy (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%) and Mexico (X%). Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) took a little share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Mexico (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Somalia, which together accounted for a further X terms of the main importing countries, the Netherlands recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The bovine hide and skin import price in Somalia stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the bovine hide and skin import price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by X% year-to-year. In that year, the import prices for raw hides and skins of cattle attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the import prices for raw hides and skins of cattle failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform